1940 Wears Valley Rd, Sevierville, TN 37862

$1,200,000

Property Type: Single Family Bedrooms: 7 Square Footage: 8,044 Lot Size (sq. ft.): 871,200 Status: Closed

Current Price: $1,200,000 List Date: 7/01/2017 Last Modified: 11/16/2019

Overview

Description

Fantastic investment opportunity! Private, unique retreat on a crystal clean mountain stream. Seven cabins on 20 forested acres, with proven rental income just minutes from the main Parkway in the middle of Pigeon Forge. (1.) ''Nikhia's Loft'' is a 1BR ''honeymoon cabin'' w/ $26k rentals for 2016. (2.) ''Nature's Dream'' is a 3BR (plus loft), sleeps 10, w/ $44k rentals for 2016. (3.) ''Rolling Creek'' is a 2BR, sleeps 4, w/ $34k rentals for 2016. (4.) ''On the Creek'' is a 7BR, sleeps 17, w/ $87k rentals for 2016. (5.) ''Hillside Haven'', built in 2008, is a 3BR, sleeps 12, w/ $52K rentals for 2016. (6.) ''Whispering Brook'' is currently leased to the caretaker for the property for $500 per month. (7.) ''Secret Hideaway'' is the personal cabin used by the owners. It's a 4BR and

Supplements: rental market. Some cabins are located on the stream while others have a view of the stream. It is a beautiful, pristine, stream with rock outcroppings perfect for picnics. The sounds of the rushing water will lull you to sleep and the gazebo next to the stream has been the site for many romantic weddings. Whether you are looking for a family ... (Read more)

Listing Details MLS# 1004393

Location Tax Legal Info

House #: 1940
Street Name: Wears Valley
St Suffix: Rd
State/Province: TN
Zip Code: 37862
PIN #: 104 010.00

Contract Info

Auction Y/N: No
Listing Price: 1599000

General Property Description

Type: Other
Acres: 20
Site Built: Yes
Restrictions: No
SqFt - Total (Aprox): 8044
# Bedrooms: 7
Baths - Full: 18
Baths - 1/2: 3
# of Rooms: 60
Fireplace: Yes
# Fireplace: 7
Property Status: N/A
HOA: No
Year Built: 1960
Bonus Room: No
SqFt - Main Lvl: 0
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
Basement: No

Status Change Info

Status Change Date: 2017-09-14
Under Contract Date: 2017-08-20
Sold Date: 2017-09-14

Sewer

Sewer Info: Spetic

Water

Water Info: Community System

More Information

Location, Tax & Legal Info

Area: Sevier County - 27
Property Sub-Type: Residential
City/County Code: County
Total Tax: 4300.79

Remarks & Misc

Directions: From the Parkway in Pigeon Forge, (US 441), turn @ Traffic Light #3 onto WEARS VALLEY Rd. toward Townsend. Drive about 4 miles & turn right (across from the Zipline). Look for the sign ''Bear Creek Retreat''.
Public Remarks: Fantastic investment opportunity! Private, unique retreat on a crystal clean mountain stream. Seven cabins on 20 forested acres, with proven rental income just minutes from the main Parkway in the middle of Pigeon Forge. (1.) ''Nikhia's Loft'' is a 1BR ''honeymoon cabin'' w/ $26k rentals for 2016. (2.) ''Nature's Dream'' is a 3BR (plus loft), sleeps 10, w/ $44k rentals for 2016. (3.) ''Rolling Creek'' is a 2BR, sleeps 4, w/ $34k rentals for 2016. (4.) ''On the Creek'' is a 7BR, sleeps 17, w/ $87k rentals for 2016. (5.) ''Hillside Haven'', built in 2008, is a 3BR, sleeps 12, w/ $52K rentals for 2016. (6.) ''Whispering Brook'' is currently leased to the caretaker for the property for $500 per month. (7.) ''Secret Hideaway'' is the personal cabin used by the owners. It's a 4BR and

Atchd/Dtchd Type

Detached: Yes

Style

Cabin: Yes

Construction

Log: Yes

Siding

Log: Yes

Fireplace

Gas Log: Yes

Cooling

Ceiling Fan(s): Yes
Central Cooling: Yes
Window Unit(s): Yes

Floors

Hardwood: Yes
Other: Yes

Garage/Parking

Designated Parking: Yes

Basement

Crawl Space: Yes

Lot Description

Level: Yes
Private: Yes
Wooded: Yes

Fuel

Electric: Yes
Gas (Natural): Yes

View

Mountain View: Yes

Heat

Central: Yes
Heat Pump: Yes

Appliances

Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Smoke Detector: Yes
Washer: Yes

Other Rooms

Great Room: Yes

Exterior Features

Deck: Yes
Patio: Yes

Misc Features

Hot Tub: Yes
Washer/Dryer Connect: Yes

Outbuildings

Gazebo: Yes

New Financing

Cash: Yes
Conventional: Yes

Showing

See Agent Instructns: Yes

Property Features

Style: Cabin Construction: Log Siding: Log Basement: Crawl Space Lot Description: Level; Private; Wooded View: Mountain View Fireplace: Gas Log Floors: Hardwood; Other Fuel: Electric; Gas (Natural) Heat: Central; Heat Pump Cooling: Ceiling Fan(s); Central Cooling; Window Unit(s) Appliances: Dishwasher; Microwave; Range; Refrigerator; Smoke Detector; Washer Other Rooms: Great Room Misc Features: Hot Tub; Washer/Dryer Connect Exterior Features: Deck; Patio Outbuildings: Gazebo Showing: See Agent Instructns New Financing: Cash; Conventional

Listing Office: Crye-Leike Realtors, South

IDX

Office Phone: 865-774-1414

Last Updated: November - 16 - 2019

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